Weekly Market Update 8 Jan 2021 - Despite Capitol Hill invasion, US Democrats control House, Senate and White House 1. With the win in Georgia, Democrats will finally have control of the House, Senate and White House for the first time in 10 years. However, this...
Weekly Market Update 1 Jan 2021 - US Senate overrides Trump's Defence Bill veto and signs of slower COVID-19 spread in Europe 1. US President Trump has finally agreed to sign the stimulus bill after threatening refusal to sign it after a hard-won agreement from Congress....
Weekly Market Update 25 Dec 2020 - US $900B COVID Stimulus, Brexit Deal Reached and New Coronavirus Strain 1. Congress finally agreed to a US$900B coronavirus relief package, offering a lifeline to millions of Americans who depend on the jobless benefits. While this alone may not...
Weekly Market Update 18 Dec 2020 - US stimulus plan, Eurozone Resiliency and UK's Fishing Rights 1. US Stimulus discussion is progressing well with talks that a potential agreement may be met over the weekend. While the support is a far cry from what was offered...
Weekly Market Update 11 Dec 2020 - Brief respite for US stimulus plan, ECB boosts asset purchases and Brexit Woes 1. US lawmakers look set to pass a one-week spending bill but has made clear that anything beyond that would have to be contingent on the...
Weekly Market Update 4 Dec 2020 - US Market Optimism with Vaccine Approvals and possible US Stimulus Deal 1. While November non-farm payrolls were much softer and US companies added significantly lesser jobs than forecasted, USD rallied sharply higher instead of falling. This shows that the...
Weekly Market Update 27 Nov 2020 - Transition funds released to Biden and Eurozone's resiliency 1. Risk of a political standoff receded as the transition funds were formally released to President-elect Biden, effectively suggesting that the incumbent has tacitly admitted that he has finally come to...
Weekly Market Update 20 Nov 2020 - COVID-19 Vaccine Approvals and US Stimulus Restart? 1. Markets rallied on news that Senator Chuck Schumer and Senate Majority Leader Mitch McConnell agreed to restart coronavirus stimulus talk, in addition to optimism in expedited approvals for vaccine production. However,...
Weekly Market Update 13 Nov 2020 - US COVID-19 cases hit daily high, driving up EUR despite EU's worsening cases US dollar continues its fall against most of the major currencies, reflecting a growing concern about the worsening coronavirus pandemic in the US and the consequences...